South State Correspondent

APRIL 30, 2024

An inverted yield curve, continued bank failures, and the desire to manage risk and offer clients higher service are all factors that are driving more community banks to adopt a loan hedge program. Community banks do this profitably by turning transactional accounts into relationships.

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South State Correspondent

JULY 26, 2023

The bigger risk to community banks’ business model is not a moderate recession induced by aggressive interest rate increases by the Federal Reserve. The Fed may be nearing the end of its hiking cycle, but given the high threshold for interest rate cuts, there may be no changes in the Fed Funds rate until well after 2024.

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Community Bank Community Strategy Atlanta 195

South State Correspondent

JANUARY 16, 2024

Barings Bank, Orange County (CA), Enron, Long-Term Capital Management, and other entities misused derivatives or didn’t understand the difference between hedging and speculating. Bloomberg recently announced that it will shut down its BSBY index on November 15, 2024. The reason for the cessation of BSBY is simple – lack of use.

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Independent Banker

FEBRUARY 28, 2022

percent through 2024—a number above the long-term growth rate of 2 percent–what should be of interest to lenders during this time is the direction of interest rates. What it means for community banks is clear. Developing leaders in mortgage lending. While the U.S. economic growth rate is predicted to settle upwards of 2.5

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Leadership Strategy Lending Community Bank 91

Gonzobanker

JANUARY 4, 2024

In 2024, Smarter Banks will go on offense and differentiate with the customer experience. In the spirit of New Year’s resolutions, here are three ways “Smarter Banks” will flip the customer experience (CX) script in 2024. #1 2024 is an opportunity to go on offense and make CX a true point of competitive differentiation.

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Customer Experience Community Knowledge Base Tools 134

Abrigo

MAY 30, 2023

1, 2024, and report for the first time by June 1, 2025. Final rule Effective dates & compliance dates for rule 1071 As they do with any new requirement, financial institutions want to know when the CFPB 1071 rule is effective and when they must begin collecting and reporting data on their small business lending activities.

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Compliance Lending Data Regulation 195

Abrigo

FEBRUARY 14, 2023

Takeaway 2 The rule is aimed at tracking small business credits to enforce fair lending laws and ID and support women- and minority-owned small businesses. Visit CFPB 1071 resources for lenders for more on data collection requirements for small business lending. Keep an eye out for potential changes in the final rule.

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Data Lending Compliance Resources 195

Jeff For Banks

APRIL 4, 2024

Such as direct lending funds, and insurance companies. Shadow bank lending is similar to bank lending but is not subject to the same regulations, and compensating deposit balace requirements. And, according to some EDP students that are lenders, are turning to the shadow banking market that do not have deposit demands.

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Banking Trends Trends Millennials Oregon 115

PopularBank

DECEMBER 7, 2022

Building inspections are required for community buildings in all 67 counties in Florida that are three or more stories in height. Effective December 31, 2024, no unit owner-controlled condominium or cooperative can vote to waive or partially fund the reserves. Consider contingency lines of credit as a lending option.

Community 52

Community Florida Study ATM 52

South State Correspondent

NOVEMBER 29, 2023

One of the lessons that was driven home at the recent American Banker Small Business Banking Conference in Nashville was the difference in marketing between large national banks and community banks, particularly deposit marketing. Many banks fall into the “recency trap.” Bank engagement is a habit.

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Marketing Regional National Nashville 195

Abrigo

APRIL 22, 2024

Recent dynamics of the small business lending market A deep understanding of the small business lending landscape and potential efficiencies can help banks and credit unions grow their portfolios. You might also like this guide for smarter, faster small business lending. Record new business formation and a wider gap between U.S.

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Lending St. Louis Community Marketing 243

Independent Banker

DECEMBER 31, 2022

We recently spoke with community bank CEOs from across the country to gain insights on how they’re proactively positioning to manage risks and take advantage of growth opportunities in the coming year. Following some respite in 2022, community bankers are bracing for a tougher economic landscape ahead in 2023. Koger Propst.

Community Bank 91

Community Bank Community Tampa North Carolina 91

Gonzobanker

MARCH 21, 2024

The problem is even worse in 2024. According to Randi Zeller, senior advisor to Community Reinvestment Fund, USA: “There is no lack of capital. Minority small business owners need ‘fair and accessible’ lending. If you’re willing to borrow at predatory rates, you can get capital. What we need is access to affordable capital.”

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Lending How To Capital Data 78

PopularBank

DECEMBER 11, 2023

Molly Hime, a long-time Division Manager for Popular Association Banking (PAB), a division of Popular Bank , has announced her retirement, effective December 31, 2023. Carlos Hernandez Named New PAB Division Manager. Effective January 1, 2024, Carlos Hernandez will be Division Manager for PAB. Billion in deposits.

Management 52

Management Florida Community Leadership 52

Abrigo

DECEMBER 28, 2023

Top banking risk management papers and infographics Abrigo experts' insights on deposit pricing, stress testing, loan review, and CECL were popular with banking risk professionals. Indeed, regulators and management alike focused on these risks more and more in 2023 following the failure of Silicon Valley Bank and repeated rate hikes.

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Resources Risk Management eBook Strategy 221

South State Correspondent

JUNE 27, 2023

While this is mostly the domain of large banks, there are three reasons why your community bank should consider adopting this language to increase future bank performance. Here are three of the top reasons to include an ISO20022 initiative in your strategic plan for 2024. Now, this gets standardized under ISO 20022 (below).

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System Data Examples Payments 195

Gonzobanker

DECEMBER 14, 2023

Meanwhile, technology changes continued at a breakneck pace, with generative AI the biggest topic around management tables. Our Troublemaker clients reacted to all this mayhem by keeping their focus on customers, making good loans, sticking to their digital transformation strategies, developing employees and giving back to their communities.

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Fintech Community Regional Technology 195

Independent Banker

NOVEMBER 30, 2021

Many hotels and other hospitality businesses haven’t fully bounced back from COVID-19 travel and safety restrictions, but community banks have been by their side through the challenges. For other borrowers, the $596 million-asset community bank allowed deferrals of principal or, in some cases, full payment deferrals. Photo: R.J.

Community Bank 209

Community Bank Community Texas Dallas 209

FICO

JANUARY 5, 2023

While a final rule implementing section 1033 of the Dodd-Frank Act will not be issued until 2024, knowing that “rules of the road” are now on the way is sure to add more momentum to open banking initiatives. Some BNPL firms already are providing disclosures mandated by the Truth-in-Lending Act.

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Policies Company Regulation Risk Management 52